Gov. updates the “bottom-up” economic development plan

Gov. John Hickenlooper released an updated version of the statewide economic development plan created earlier this year to spur Colorado’s economy, help businesses grow and attract new jobs to the state.

“Colorado is already seeing the benefits of taking a bottom-up, collaborative approach to economic development,” Hickenlooper said. “Earlier this month, Arrow Electronics announced it will locate its global headquarters in Colorado, and GE committed to building the largest solar manufacturing facility in the country here.”

The Colorado Blueprint was released for public comment at the end of the summer after an effort that engaged counties in Colorado on how best to improve the state’s economy.

The newest version of the plan includes more details, clarified leadership roles and accountability, tighter timelines and more specific measurable outcomes. One change: identification of a three-dimensional strategy which will align resources and strategies on a state, regional and industry cluster level.

The changes include increased engagement of business and economic development to create a comprehensive statewide industry cluster strategy in the next three months – instead of the next nine months.

It will focus on local and regional infrastructure development that aligns with regional economic development priorities

And, finally, it will create a structure for engaging industry partners in promoting Colorado through the International Trade and Tourism Ambassador program.

The blueprint focuses on six core objectives: a business friendly environment; retaining, growing and recruiting companies; increasing access to capital, creating a stronger Colorado brand; educating and training the work force; cultivating innovation and technology.

The complete blueprint can be found at the state’s website.

To see how El Paso County responded to the request for information, see previous CSBJ coverage.